user
Explain the following business challenge
Restaurant industry faces numerous challenges related to rising labor costs, increasing competition and slow population growth.


assistant
The restaurant industry is currently facing several challenges due to increasing labor costs, more competition, and slow population growth. These challenges, if unresolved, could have a negative impact on the sustainability of the industry. Therefore, restaurants must find ways to adapt to these changes in order to remain competitive. Such measures could include expanding marketing and promotional efforts, exploring alternative labor resources, and finding innovative ways to boost customer engagement.